2016

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, December 21, 2016 —The holidays are a time of giving and receiving gifts, but would you be able to replace those gifts if they were destroyed in a fire or other disaster? A home inventory is the best way to protect your personal possessions, yet only 50 percent of homeowners said they had an inventory in a 2016 Insurance Information Institute (I.I.I.) survey....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, December 8, 2016 — While surveying the motorcycles on display at the New York Motorcycle Show this weekend, keep in mind that motorcyclists who travel on public roads or highways need an insurance policy that meets their state’s requirements as well as their individual needs, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, December 1, 2016 — The 2016 Atlantic hurricane season concluded yesterday with 15 named storms generating seven hurricanes, three of which were considered major ones, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, November 10, 2016 — U.S. insurers are becoming more skilled at underwriting and pricing stand-alone cyber insurance policies as businesses show a greater interest in protecting themselves from data breaches and attacks, according to the Insurance Information Institute (I.I.I.). “More than 60 carriers offer stand-alone cyber insurance policies, and it is estimated the U.S....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 28, 2016 — Halloween can be a fright when trick-or-treaters flock to your property. But taking reasonable steps to safeguard your home and having the right homeowners or renters insurance makes it easier to get into the spirit of things, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 28, 2016 — Financial security and access to resources can make all the difference to domestic violence victims when deciding to leave an abusive relationship. And insurance is an important component of financial planning that can help survivors move forward, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE I.I.I. New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 20, 2016 — Over the past two years, U.S. auto insurance companies have seen private-passenger loss costs rise sharply as insurers receive more, and costlier, claims, according to the Insurance Information Institute (I.I.I.) “There has been an alarming increase in crashes and claims reported....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 12, 2016 — Business owners who have suffered damage due to Hurricane Matthew should contact their insurance professional as soon as possible to get the claims process started, according to the Insurance Information Institute (I.I.I.). In order to get started, the I.I.I....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Florida Press Office: (813) 480-6446; lynnem@iii.org NEW YORK, October 8, 2016 — Insurance adjusters, catastrophe personnel and mobile claim centers have already been deployed to staging areas along the East Coast and are ready to respond to customers impacted by Hurricane Matthew, according the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE I.I.I. New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 7, 2016 — The insurance industry has the financial strength to pay claims caused by Hurricane Matthew, according to the Insurance Information Institute (I.I.I.) Wind damage to cars, homes and business is covered under auto, home and business insurance policies. Flooding, however, is not covered under most standard property insurance policies....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 5, 2016 — Reporters covering Hurricane Matthew are encouraged to contact the Insurance Information Institute (I.I.I.) for information about the insurance implications of hurricanes, as well as interviews and analysis. The I.I.I....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 4, 2016 — Hurricane Matthew has already made landfall in Haiti as a category 4 storm and is expected to continue its path across the Caribbean before heading toward Florida and up the East Coast. The millions of people who remain in the storm’s path should prepare now, according to the Insurance Information Institute (I.I.I.). The I.I.I....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 27, 2016 — Senior citizens who plan ahead for natural disasters have the best chance of remaining safe--both physically and financially, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Hispanic Press Office: (954) 684-4410; elianneg@iii.org NEW YORK, September 26, 2016 — Reporters writing about the criteria employed by U.S. auto insurers when pricing their policies should review a new Infographic developed by the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 8, 2016 — Peak hurricane season runs from now through October, making this a crucial time to review business insurance coverage, according to the Insurance Information Institute (I.I.I.). Forty percent of businesses do not reopen after a disaster and another 25 percent fail within one year, according to the Federal Emergency Management Agency (FEMA)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 2, 2016 — Reporters covering the insurance implications of the hurricanes and tropical storms in the Atlantic and Pacific oceans are encouraged to contact the Insurance Information Institute (I.I.I.) for information, expert interviews and analysis. The I.I.I....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Florida Press Office: (813) 480-6446; lynnem@iii.org TALLAHASSEE, Florida, September 1, 2016 — With Tropical Storm Hermine bringing high winds and heavy rainfall to Florida and other East Coast states, the millions of Americans in the storm’s path should take some time to prepare, according to the Insurance Information Institute (I.I.I.). Florida Governor Rick Scott has already declared a s…...

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 31, 2016 — Reporters working on stories regarding the insurance implications of hurricanes Madeline and Lester, can contact the Insurance Information Institute (I.I.I.) for information, analysis and interviews. The two powerful Pacific hurricanes could hit Hawaii’s Big Island over the next few days, causing severe winds, heavy rain and potential flooding....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 1, 2016 — Reporters working on stories about the 15-year anniversary of the September 11 terrorist attacks can contact the Insurance Information Institute (I.I.I.) for information, analysis and interviews on the insurance ramifications of the tragedy, including the Terrorism Risk and Insurance Act (TRIA)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 29, 2016 — Summer may be winding down, but historically, the worst part of hurricane season is just beginning. Fortunately, there are simple steps that you can take to protect your wallet, your property and even your life, according to the Insurance Information Institute (I.I.I.)....

TALLAHASSEE, August 26, 2016 — While the direction and intensity of tropical activity currently brewing near the Bahamas is uncertain, Floridians should take steps now to prepare for this and other possible storms, said the Insurance Information Institute (I.I.I.) Late summer is peak time for hurricanes. Of the top 10 costliest hurricanes to strike Florida, all of them made landfall between August and October....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 25, 2016 — The earthquakes in Italy and Myanmar are a warning to homeowners and businessowners in many parts of the United States that they also face risks from earthquakes, and should consider purchasing earthquake insurance, according to the Insurance Information Institute (I.I.I.). Despite the earthquake threat in many states, only about one in 10 households has covera…...

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 18, 2016 —Louisiana’s flood waters are receding but the recovery process is just beginning for thousands of the state’s residents, whether they’re insured or uninsured, according to the Insurance Information Institute (I.I.I.). How To File An Insurance Claim: Call your insurer as soon as possible to begin claims process....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 17, 2016 —Louisianans recognize the importance of having flood insurance, with nearly half a million FEMA National Flood Insurance Program (NFIP) policies in-force statewide as of June 2016, according to the Insurance Information Institute (I.I.I.). Nonetheless, too many Louisianans and others in the U.S. continue to underestimate their flood risk....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 16, 2016 —The Insurance Information Institute’s (I.I.I.) subject matter experts can discuss with reporters the coverage issues arising out of the devastating flooding in Louisiana this week. Flood damage is not covered under standard homeowners, renters and business insurance policies....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Spanish Spokesperson Elianne E. González: (954) 684-4410; elianneg@iii.org NEW YORK, August 5, 2016 — “Do I really need flood insurance?” was the most common question asked by callers during a live call-in consumer helpline on Univision 45 Wednesday night, according to the Insurance Information Institute....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Hispanic Representative: Elianne González (954) 684-4410; elianneg@iii.org HOUSTON, Texas, August 2, 2016 — Univision 45 Houston’s viewers can get answers to their insurance questions during a live call-in program on Wednesday, August 3rd, between 5 and 7 p.m....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, July 25, 2016 — If your last auto insurance bill came with a little sticker shock, it may be time to take advantage of a highly competitive insurance marketplace and do some smart shopping for a new policy, according to the Insurance Information Institute (I.I.I.). Over the last two years, auto insurance costs have risen on average about 10 percent, according to the I.I.I. Why?...

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org The Insurance Information Institute and Latin Agents and Brokers Association will answer consumer questions on travel insurance, car rental insurance, the insurance implications of renting a private home for a vacation stay, and other summer related topics....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, July 13, 2016 – The Insurance Information Institute (I.I.I.) today announced Sean Kevelighan has been named President and Chief Executive Officer (CEO), effective August 8, 2016. Kevelighan brings with him over 18 years of public affairs, communications and media relations experience, including leadership roles in the global property/casualty (P/C) insurance industry....

NEW YORK, June 22, 2016 — Whether building a new home, remodeling an existing home or even repairing a home that has been damaged, a lightning protection system can be a worthwhile investment, according to the Insurance Information Institute (I.I.I.). Damage caused by lightning, such as fire, is covered by standard homeowners insurance policies; and some policies provide coverage for damage from power surges that are the direct result of a lightning strike....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, June 20, 2016 — The number of homeowners insurance claims from lightning strikes in the United States fell in 2015; however, the total insurers paid on those claims rose by nearly 7 percent, according to a new analysis by the Insurance Information Institute (I.I.I.). In fact, $790 million in lightning claims was paid out last year to nearly 100,000 policyholders....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, June 7, 2016 — High-risk coastal property owners in the United States are increasingly able to buy coverage from private-sector insurers, thereby reducing the exposure of state-run residual property insurers, according to the Insurance Information Institute (I.I.I.) The I.I.I.’s just-released Residual Market Property Plans: From Markets of Last Resort to Markets of First Choice, shows t…...

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Reporters covering the 2016 Atlantic hurricane season, which starts today, June 1, and ends on Wednesday, November 30, can contact the Insurance Information Institute (I.I.I.) for information, analysis and interviews. The I.I.I....

FOR IMMEDIATE RELEASE Loretta Worters: (917) 620-0982; media@iii.org NEW YORK, May 11, 2016 — Dog bites (and other dog-related injuries) accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2015, costing in excess of $570 million, according to the Insurance Information Institute (I.I.I.) and State Farm®, the largest writer of homeowners insurance in the United States. An analysis of homeowners insurance data by the I.I.I....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, May 5, 2016 — Managing and growing a successful startup takes vision, passion—and the right type and amount of business insurance, according to the Insurance Information Institute (I.I.I.). “Starting and maintaining a new business can be costly, but the last place business owners should cut corners is insurance,” said Loretta Worters, a vice president with the I.I.I....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 28, 2016—Buying a safe vehicle for your teenager provides peace of mind and may offset the higher premiums triggered by adding a young driver to the family’s auto insurance policy, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 19, 2016 —The Insurance Information Institute’s (I.I.I.) subject matter experts can discuss with reporters the coverage issues arising out of this week’s Houston-area flooding as well as the severe hail storms which have hit Texas over the past month. Flood damage is not covered under standard homeowners, renters and business insurance policies....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 21, 2016 — The recent earthquakes in Japan and Ecuador highlight the wide-ranging impact of catastrophic events, particularly on global supply chains. While businesses outside Japan and Ecuador have not suffered direct physical damage, some could incur losses due to disruptions in their supply chains....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Janet Ruiz, California Office (707) 490-9365 NEW YORK, April 19, 2016 — Recent earthquakes in Ecuador and Japan are a reminder that people in many parts of the U.S....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 18, 2016 — Do you have questions about life insurance? Dr. Steven Weisbart, chief economist at the Insurance Information Institute (I.I.I.), can speak about unclaimed life insurance policies and other life coverage issues. For example, there are policies that remain in-force even after a policyholder misses a premium payment....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 15, 2016 — Sometimes life insurance benefits are left unclaimed after a policyholder dies. If you think you may be the beneficiary of an unclaimed life insurance policy, there are a number of simple steps you can take to find out, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 6, 2016 — Travel insurance can’t prevent bad things from happening on a vacation, but it may be able to protect your financial investment, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 4, 2016 — Nine out of 10 natural disasters in the United States involve flooding, yet less than 15 percent of the nation’s homeowners and renters have purchased flood insurance, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 22, 2016 — Insurance Information Institute (I.I.I.) subject matter experts are among the featured participants in the workshops and training sessions at the 2016 National Hurricane Conference (NHC), where they will also be available for media interviews....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 17, 2016 — Marking the start of spring, motorcycle enthusiasts gathered this month at a rally in Daytona Beach, Florida, and will do so again in June in Johnstown, Pennsylvania. But do they have the right insurance coverage? Motorcycle insurance is a must for any avid biker, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 14, 2016 — The Insurance Information Institute (I.I.I.) today released a white paper on the prospects for United States property/casualty insurers considering doing business in Cuba—a country that has been almost completely off limits to business opportunities for more than five decades. With President Barack Obama’s history-making trip to the island later this month a…...

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 29, 2016 —Women have made great strides in the business world in the past few decades. And business insurance is essential to protecting their hard-earned capital, according to the Insurance Information Institute (I.I.I.). Forty years ago women owned just 5 percent of all small businesses in the United States....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org California Press Office: (707) 490-9365, janetr@iii.org NEW YORK, February 24, 2016 — Before the cameras started to roll for Best Picture nominees like The Revenant and Mad Max: Fury Road, the producers purchased insurance coverage to protect their substantial financial investment in the film, according to the Insurance Information Institute (I.I.I.) “Severe weather can delay a film’s produ…...

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FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 5, 2016 — The Insurance Information Institute (I.I.I.) has subject matter experts available to discuss the insurance implications of this morning’s deadly crane collapse in lower Manhattan. This tragedy could impact private-passenger and commercial auto policies as well as workers compensation and life insurance policies....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 4, 2016— Dr. Robert Hartwig, an economist and the president of the Insurance Information Institute (I.I.I.) since 2007, is leaving this summer to join the faculty of the University of South Carolina’s Darla Moore School of Business. “My decision to leave the Institute was an extremely difficult one....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 28, 2016 — As millions dig out from one of the heaviest snowfalls ever to hit the eastern United States, many may have questions about the claims filing process, according to the Insurance Information Institute (I.I.I.). In the event of storm related damage, contact your insurance professional as soon as possible....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 26, 2016 — Business owners who suffered damage due to the blizzard that struck a large portion of the East Coast over the weekend should contact their insurance professional as soon as possible to get the claims process started, according to the Insurance Information Institute (I.I.I.). The I.I.I....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 22, 2016 — With blizzard conditions predicted to hit 16 Eastern states this weekend, there will be a high probability of car crashes and property damage so it’s a good time to understand what your insurance covers, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 22, 2016 — Reporters covering the winter storm expected to impact multiple East Coast states this weekend can contact the Insurance Information Institute (I.I.I.) with questions about the various coverages provided by insurance policies....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 20, 2016 — U.S. insurers paid out an estimated $2.9 billion in winter-related insured losses in 2015 but remain well-positioned financially to weather the significant storm expected to strike the East Coast of the United States this weekend, according to the Insurance Information Institute (I.I.I.)....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 19, 2016 —“We are not going to be able to successfully overcome a cyber threat without enlisting the support of the private sector,” said keynote speaker Robert S....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 15, 2016 — Home, auto and business insurers have adapted successfully to the evolving risks brought about by dramatic technological changes, according to a group of panelists who convened at the 20th annual Property/Casualty (P/C) Insurance Joint Industry Forum, held here on January 12. The Forum’s Experts Panel: A View from the Outside Looking In, chaired by Charles M....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 12, 2016 — Leaders of the property/casualty insurance industry expect no increase in profitability in 2016 for most lines of insurance, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 20th annual Property/Casualty Insurance Joint Industry Forum, held here....

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 6, 2016 — Reporters covering the New York Boat Show (January 6–10) and seeking insights on how to insure watercraft can contact the Insurance Information Institute (I.I.I.)....